Data Storage Corporation Common Stock Cleared

Data Storage Corporation, a cloud storage and cloud computing company focusing on data protection and business continuity solutions, announced that its common stock has been cleared to be quoted on the OTC Bulletin Board Exchange.

"After a successful 2011, this is an excellent way to kick-off 2012," said Chuck Piluso, chairman and CEO. "With so many companies delisting from various stock exchanges due to economic and other factors, we believe this is a true testament to our team’s commitment to providing innovative services, such as our cloud Infrastructure-as-a-Service offering, that meet the demands of small and mid-sized organizations across North America. This upgrade to the OTC Bulletin Board will give the company exposure to a larger pool of investors and key industry influencers."

DSC experienced significant growth in 2011 and has positioned itself for expansion through both acquisitions and organic growth in the coming years. Capping off the year with an Equity Line of $20 million, the company also expanded its executive team, opened a New York City office, expanded its data centers, formed additional strategic partnerships, was named Asigra’s Partner of the Year, and officially entered the cloud computing IaaS market.

According to Gartner in a 2011 press release, the cloud IaaS market is "poised for strong growth with worldwide IaaS forecast to grow from an estimated $3.7 billion in 2011 to $10.5 billion in 2014."

This combined with a $39 billion marketplace for DR and BC positions DSC for growth and opportunity.